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You guys gazillionaires yet?
>>Please don't be mean to him. Quite frankly I'm kinda enjoying living in this little fantasy world.
Correcting a person when they are flat wrong shouldn't be considered mean - to the contrary it's a favor.
>>Let me reiterate, Sibanye got control of these GBGLF shares & Burnstone via the purchase of Wits Gold and agreeing to supporting the BRP of Great Basin Gold or at least the business rescue of the Burnstone mine.
Sibanye got the Burnstone mine - the foreign ordinary GBGLF shares were never even remotely part of any deal.
>>The primary listing for Great Basin Gold Ltd is on the Johannesburg Stock Exchange
Nope, primary listing was in Toronto - but it's been halted for a few years.
>>Lara Kahn seems to be extremely entertaining so probably in 2015 $$$
I can't figure which part of this perplexes me more - that you would feel confident in making the 'extremely entertaining' assessment from scant details you found on the internet or whether, even if this was randomly valid, what in the world it would possibly have to do with 'so probably in 2015 $$$' ????????
Not unlike a train wreck or an interstate pile up. ;)
I don't think you get the successful rescue part. The mine was saved, some of the creditors were partially saved, most employees kept their jobs.....but the shareholders never made it through the triage review.
>>Hoping this horrific stock make$ a financial fool out of Finbar and not myself?
Good luck with that. This isn't even a shell game as some of you hope. Clean listed shells are a dime a dozen - this is a dirty, unlisted in Canada, years delinquent on all reporting requirements shell that never got a discharge of unpaid debts in BK. It's really and truly nothing more than a foreign ordinary that continues to infrequently trade in the sewers of the back alleys of WallStreet because a small handful of people keep grasping at very old information and insist on paying 100% more than it's worth. Of that I'm 100% confident - hoping is for suckers. :)
The only way equity had a shot was if the properties fetched around 700 million. They came up about 99% short.
>>Finny, according to you this should have happened last year
I underestimated the number of people gullible enough to keep buying this obviously worthless shell.
Witz bought all the shares of Southgold as part of the Business Rescue of Southgold. It's not even a teeny weeny bit grey what happened.
http://www.iol.co.za/business/news/southgold-business-rescue-completed-1.1714015#.U81fVbGPR6I
>>WILL BURNSTONE Gold Mine TRADE via GBGLF shares is the multi-million dollar question?
Unfortunately, 'no' is the .0001 answer :)
Southgold did successfully pass through business rescue - the whole point of the business rescue was to prevent mining rights being forfeited. BUT - your ownership rights in Southgold via Great Basin Gold did not survive - they did not even come close. So the Burnstone mine will see another day, in the hands of new owners.....this is not complicated - it's amazingly crystal clear but I suppose noone can see what they don't want to see no matter how plainly obvious it is before them.
>>If the Burnstone Gold mine trades via GBGLF shares
That isn't ever going to happen - ever, there is not even the remotest possibility. Burnstone will trade via it's new owners shares, not it's former owners shares. duh. Let's take an easy example....your house get's foreclosed on. I buy it at auction. Third party now wants to rent said property....how much of that rent are you going to get? Same amount as Great Basin Gold will get....notwithstanding the fact that the Burnstone was and is a truly fubar geological mess.
Are you fully delusional? I'm enjoying the limitlessness of your fantasies....keep them coming.
You forgot door #4 - the US drops the dollar and makes defunct GBGLF certain legal tender - you guys skip Vegas and buy your own casinos in Dubai - that's as least as realistic as your #1 and #2. ;)
ZPMU, I suspect the situation is not completely unlike Wile E Coyote....he never crashed till he stopped and looked down....but he never didn't crash. I'm personally fascinated by the phenomenon if denial at play here.
>>They want or-need us-to dump-our GBGLF-shares IMHO
Sounds like you have 'them' right where you want them. A massive buying spree would no doubt torpedo 'their' designs on your valuable certificates.....lol
>>NOT good news IMHO !
So you don't pay any attention to the legal docs coming out of the CCAA, the Chapter 11, or the business rescue, but instead read the tea leaves using a metric of whether the website is up or down? That's a novel approach. :)
>>Funny how this POS is still trading, who would have believed it, but GBGLF is trading.
If you call 11,866 in volume at .002 'trading', well I guess it is. lol
>>GBGLF ASK is @ .0023 pitful IMO
I don't know - when your stock is 100% overvalued, maybe one shouldn't complain too much :)
>>GBGLF--Down 18% on a 64 cent trade. ?
You got a real winner stock here.
>>Down 15% on $8 worth of trades.
Well if that isn't the hallmark of a true deep value stock I don't know what is. And I take your imitation as flattery :)
>>Two hundred homes are to be built? Well, this would be a miracle; who wants to do DD to see if this is actually being done?
I think you should fly to South Africa and do some onsite field investigation on this one. lol
>>Yes, but it is a bag made of 24+ million AU OZ of Burnstone's finest gold dust and tiny nuggets; minus the negative Finbar label!
Tell me again how much this miraculous pile of gold that your magic bag is made of sold for? Was it $10 or $100? You could have a mountain of 100+ million ounces - it wouldn't be - just like Burnstone - worth anything currently if it costs a few grand to remove each OZ....that's why Burnstone was sold for next to zilch and there aren't any magic fairies or unicorns running around to make a golden payday for GBGLF bagholders except in your wild dreams. Sorry.
>>The Gold One merger is good news as long as they do NOT control over 49 % of the Sibanye shares; this should not change our GBGLF fate.
Well, I actually agree with you for once. Not controlling over 49% should not change your GBGLF fate. I would add though that controlling over 49% should not change your GBGLF fate either - an empty bag is an empty bag no matter who holds it.
>>the laws are with the people not the business
The laws are with the people who are creditors, employees, vendors first - the people who are shareholders last. If you believe otherwise keep loading the boat - if you guys believe your own pet theories, I'm not sure why you don't all have 50 million shares each yet.
You're a riot if you actually believe that's how this works. Wits/Sibanye bought an asset out of the SA equivalent of bk court. There are no tooth fairies...no one giving away golden eggs.
Burnstone will need to be traded via GBGLF which would be a miracle.
Why would Burnstone trade as GBGLF when it's owned by a completely different company that trades as itself? Ya think maybe the shareholders of the actual owner might be a little miffed about that? You might have better luck looking for leprechauns under bridges and rocks and stuff. Lol
>>still no news from mgmt
There is no mgmt; there is only the liquidation agent.
>>Why did they not update the GBG website with this information?
Cause they ain't got no money and they ain't got no employees....updating bag holders, I mean shareholders isn't high on the priority list.
>>I have absolutely NO inside information.
You don't say.
>>In my opinion, they have played us all for fools
I wouldn't say 'all'....
Nagoya - you are the only one who keeps referencing volume, ir kack thereof, as being indicative of anything. It was a Canadian miner, permanently suspended on Canadian markets years ago, it's now close to three years into bk - the low volume that you think means there is one last hurrah is just how it is in the boneyard of forever. Fwiw
>>I hope the ASK drops one more time
I'm rolling on the floor - I suspect you'll get your wish - at least this specific one. Don't forget to load the boat and the truck when that 'last chance' comes.
>>GBGLF shareholders are extremely tired of the lack of any financial information
I have a suggestion if you are extremely tired of a lack of fin'l info....don't buy companies with no money, no assets, no employees, no mgmt, no board. What else could you possibly expect? Lol
I agree no one wants to sell at the bid. Ouch, it's going to hurt. But you are buying from the MMs at the ask. They are the seller, the non sucker party at the table in case y'all didn't notice....never mind.
'Why do you think I have these shares!'
I'm torn between you've realized you can't sell them as there is no size on the puny bid or you actually believe, for instance, that there is some triple secret pact where Waterton wants to make GBGLF bagholders all millionaires...at their own expense.
Who are the buyers buying from if there aren't any sellers? Lol
>>Explain why GBG has multiple websites that list amazing assets like the Hollister mine and the Burnstone Gold mine and why have not been simply removed.
Hollister has been removed. Burnstone is still on there - only because the liquidator hasn't gotten around to removing it following Sibanye finalizing paperwork . I suspect you refuse to think about out how 'absolute priority' works in insolvency proceedings - it crushes pipe dreams, trust me. :)
Because some fool and his whopping $1,000 bucks in total daily trading volume value are easily separated? Let's be honest, I think everyone here, excluding myself, are desperately hoping for a bigger set of fools to come along....good luck with that.